It is easy to prioritize daily business matters over developing a business succession plan; however, owners who fail to establish an exit strategy put their entity’s long-term viability at risk. Whether your tentative plan involves transferring or selling your stake to family members, partners or outside investors, it is important to understand the challenges and opportunities associated with each option.
At Buechner Haffer Meyers & Koenig Co., LPA, our skilled attorneys use their business law, tax law and estate planning backgrounds to tailor an exit strategy that helps you achieve your objectives. You can rely on our lawyers to consider all options when advising you on tax matters, compensation packages and asset sales or transfers.
Identifying The Most Effective Approach For Your Exit Strategy
Our Cincinnati firm has represented industry-leading owners in Ohio, Florida, Kentucky and Indiana. Our transactional attorneys draw on this expansive experience when they draft, negotiate and execute contracts that facilitate sale or transfer of ownership. We provide a range of business succession services that include:
- Facilitating buy-sell agreements
- Assisting with transferring family businesses to new owners
- Establishing grantor retained annuity trusts (GRATs) and other irrevocable trusts
- Drafting self-canceling installment notes (SCINs)
- Establishing family limited partnerships
Taking the time to develop your succession plan now not only secures your peace of mind, but also allows your family members, partners, employees and vendors to plan accordingly. Let us help you eliminate uncertainty by creating a strategy that encourages future leadership, maximizes your return on your investment and minimizes conflict.